China - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in China - 2023
Contents:
- Precious Metal Watch Price in China (CIF) - 2023
- Precious Metal Watch Price in China (FOB) - 2022
- Precious Metal Watch Imports in China
- Precious Metal Watch Exports in China
Precious Metal Watch Price in China (CIF) - 2023
In June 2023, the average precious metal watch import price amounted to $16,106 per unit, jumping by 15% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 49% month-to-month. As a result, import price attained the peak level of $21,994 per unit; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($39,598 per unit), while the price for Germany ($8,496 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+13.2%), while the prices for the other major suppliers experienced a decline.
Precious Metal Watch Price in China (FOB) - 2022
In 2022, the average precious metal watch export price amounted to $67 per unit, waning by -51.7% against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 299%. As a result, the export price attained the peak level of $417 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($65 per unit), while the average price for exports to Saudi Arabia ($5.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.
Precious Metal Watch Imports in China
After three years of growth, supplies from abroad of precious metal watches decreased by -26.3% to 80K units in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 104%. Over the period under review, imports reached the maximum at 108K units in 2021, and then dropped markedly in the following year.
In value terms, precious metal watch imports shrank notably to $1.1B in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 63%. As a result, imports reached the peak of $1.4B, and then plummeted in the following year.
| Import of Precious Metal Watch in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 506 | 811 | 1,313 | 1,065 | 28.2% |
| South Korea | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Others | 62.5 | 66.5 | 114 | 67.9 | 2.8% |
| Total | 568 | 878 | 1,427 | 1,132 | 25.8% |
Top Suppliers of Precious Metal Watch to China in 2022:
- Switzerland (74.8K units)
- South Korea (0.2K units)
Precious Metal Watch Exports in China
Precious metal watch exports from China surged to 1.7M units in 2022, rising by 20% against the previous year's figure. Over the period under review, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 152%. Over the period under review, the exports reached the peak figure at 2.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, precious metal watch exports declined markedly to $115M in 2022. In general, exports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 0.7% against the previous year. As a result, the exports attained the peak of $237M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Precious Metal Watch in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 51.4 | 41.1 | 74.7 | 55.6 | 2.7% |
| United States | 0.2 | 0.2 | 1.3 | 3.5 | 159.6% |
| Singapore | 0.2 | 1.2 | 2.2 | 2.4 | 128.9% |
| Thailand | N/A | N/A | 0.6 | 2.3 | 283.3% |
| Malaysia | 0.1 | 0.4 | 1.9 | 1.7 | 157.1% |
| Australia | N/A | N/A | 0.8 | 1.0 | 25.0% |
| Saudi Arabia | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
| Hong Kong SAR | 174 | N/A | N/A | N/A | 0% |
| Others | 9.9 | 194 | 117 | 47.8 | 69.0% |
| Total | 236 | 237 | 198 | 115 | -21.3% |
Top Export Markets for Precious Metal Watch from China in 2022:
- Switzerland (1317.7K units)
- Singapore (75.9K units)
- United States (53.5K units)
- Saudi Arabia (47.2K units)
- Malaysia (45.6K units)
- Australia (40.5K units)
- Thailand (38.6K units)
This report provides an in-depth analysis of the precious metal watch market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious metal
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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